東南亞將成中資企業(yè)投資新熱點

After a record-breaking first quarter of 2016 forChinese outbound mergers and acquisitions focusedon the US and Europe, more mainland-basedcompanies are poised to follow Alibaba in targetingassets in the fast-growing region closer to home.

在聚焦美歐的中國企業(yè)在2016年第一季度刷新境外并購紀錄之后，更多中國企業(yè)準備效仿阿里巴巴(Alibaba)，在距離本土較近的快速增長地區(qū)物色收購目標。

The Chinese ecommerce and internet group lastweek agreed to take a $1bn controlling stake inSingapore-based online shopping start-up Lazada, marking Alibaba’s biggest cross-border deal.

阿里巴巴上周同意斥資10億美元買下新加坡網(wǎng)絡購物初創(chuàng)企業(yè)Lazada的控股權(quán)，這是這家中國電子商務和互聯(lián)網(wǎng)集團迄今最大的跨境交易。

According to a survey by law firm Herbert Smith Freehills, acquisitive Chinese corporations arepoised to follow Alibaba’s lead and have marked the region as a focus for investment.

史密夫斐爾律師事務所(Herbert Smith Freehills)的一項調(diào)查顯示，收購意識較強的中國企業(yè)正準備效仿阿里巴巴，把東南亞地區(qū)列為投資焦點。

Some 47 per cent of large Chinese corporations surveyed identified their top destination forinvestment over the next three years as Southeast Asia, followed by 17 per cent homing in onLatin America.

在受訪的大型中國企業(yè)中，大約47%把東南亞視為未來三年的首選投資目的地，17%企業(yè)瞄準拉丁美洲。

Only 8 per cent of respondents said the US was a future top destination for investment.

只有8%的受訪者表示，美國是未來的首選投資目的地。

Malaysia was flagged as the principal destination for Chinese deals, particularly its energysector, followed by Singapore and Indonesia.

馬來西亞被列為中資境外交易的首要目的地，尤其是該國的能源行業(yè)，其次是新加坡和印度尼西亞。

“It does represent quite a shift from what we have seen in the past,” said the firm’s Singapore-based M&A partner Nicola Yeomans, noting the recent flurry of China deals into the US. “It’s a matter of wanting to consolidate in their backyard . . . And now [Chinese companies]have the resources to do that.”

“這與我們過去看到的情況相比是很大的轉(zhuǎn)變，”這家律所常駐新加坡的并購業(yè)務合伙人尼古拉•約曼斯(NicolaYeomans)表示，她指出近期中國企業(yè)在美國達成了一連串交易。“這是一個想在自己的后院進行整合的問題……而現(xiàn)在(中國企業(yè))有足夠的資源來做到這一點。”

Globally, Southeast Asia was a top target for investment with 60 per cent of corporationsmarking the region as a first choice, according to the Herbert Smith Freehills report, whichsurveyed 700 senior executives from global companies with more than $1bn in annualrevenues.

根據(jù)上述史密夫斐爾律所報告，從全球來看，東南亞也是首選投資目標，60%的公司將該地區(qū)列為首選投資目的地。這家律所對全年營收超過10億美元的全球公司的700名高管進行了調(diào)查。

As growth in many emerging markets slows, several of Southeast Asia’s economies areexpected to remain strong. Indonesia and the Philippines were among just a few emergingeconomies expected to deliver strong growth in 2016, according to Nomura.

在許多新興市場增長放緩的背景下，東南亞的多個經(jīng)濟體預計仍將保持強勁。野村證券(Nomura)表示，印尼和菲律賓躋身于預計將在2016年實現(xiàn)強勁增長的少數(shù)新興經(jīng)濟體之列。

China became the driving force for M&A in Asia-Pacific last year. Companies from themainland struck about $50bn in regional deals in 2015, more than doubling the figure fromthe year before and comprising 40 per cent of the regional total, according to Dealogic.

中國去年成為亞太地區(qū)并購交易的推動力量。Dealogic的數(shù)據(jù)顯示，中國內(nèi)地企業(yè)在2015年達成了大約500億美元的地區(qū)交易，比上年高出一倍多，且占到地區(qū)交易總額的40%。

The value of outbound Chinese deals hit $101bn in the first quarter of the year, nearly eclipsingthe previous annual record of $109bn recorded over the whole of 2015. Chinese buyouts havefocused on developed markets such as the US and Europe in sectors such as materials,technology and hospitality.

今年首季，中資境外并購交易總額達到1010億美元，幾乎趕上2015年創(chuàng)下的1090億美元的全年紀錄。迄今中資收購對象集中在美國和歐洲等發(fā)達市場，涉及的行業(yè)包括材料、技術(shù)和酒店。

Deals in the quarter included the biggest Chinese takeover of a foreign company, whenChemChina, the sprawling chemicals group, agreed a $43.8bn all-cash deal to buy Swissagribusiness Syngenta.

該季度達成的交易包括中資迄今最大的境外收購，即中國化工(ChemChina)以438億美元的全現(xiàn)金交易收購瑞士農(nóng)業(yè)綜合企業(yè)先正達(Syngenta)。

Southeast Asia, particularly Malaysia, has already seen a windfall in Chinese investment overthe past year.

東南亞，特別是馬來西亞，已經(jīng)在過去一年看到來自中國的投資大幅增長。

In the biggest Chinese buyout in that region last year, China General Nuclear Power Corp, orCGN, in November agreed to pay $2.3bn in cash for the energy business of troubled state fund1Malaysia Development.

去年中資在東南亞地區(qū)達成的最大收購交易是，中廣核(CGN)在11月同意以23億美元現(xiàn)金收購馬來西亞陷入困境的政府投資基金1Malaysia Development(1MDB)旗下的能源業(yè)務。

Official Chinese state media reported this week that CGN planned to set up its regionalheadquarters in Malaysia as a springboard into Southeast Asia.

據(jù)中國官方媒體近日報道，中廣核擬在馬來西亞設立地區(qū)總部，作為進軍東南亞的跳板。